Statutes, codes, and regulations
Kentucky Revised Statutes
Title 13 - EDUCATIONChapter 162 - SCHOOL PROPERTY AND BUILDINGS
SCHOOL BUILDINGS
Section 162.180 - Bonds - Interest on - When payable - How sold

Ky. Rev. Stat. § 162.180

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Current through 2024 Ky. Acts ch.225
Section 162.180 - Bonds - Interest on - When payable - How sold

All bonds issued under the provisions of KRS 162.170 for common school purposes may bear interest at a rate or rates or method of determining rates, payable at least annually, and shall be executed in a manner and be payable at times, not exceeding thirty (30) years from the date of issue, and at a place as the governing body of the city determines. The bonds shall be sold in a manner and upon terms as the governing body of the city deems for the best interest of the city.

KRS 162.180

Effective:7/15/1996
Amended 1996, Ky. Acts ch. 274, sec. 35, effective7/15/1996. -- Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 559, effective 7/13/1990. --Amended 1978 Ky. Acts ch. 155, sec. 82, effective 6/17/1978. -- Amended 1970 Ky. Acts ch. 137, sec. 2. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective 10/1/1942, from Ky. Stat. secs. 4421-7, 4421-8.